GBP/USD: Technical AnalysisThe bounce out of 1.5200 determined the lasting of the sideways move. So, the pair is currently approaching to the bottom edge of the consolidation range, 1.5080, which was mentioned in the last commentary. The trades are carried at 1.5095/90. The indicators’ values note the changes in favor of the “bearish” preferences. That in its turn speaks about the probability of even lower price decrease, till the trend line of…
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Added by Forex4you on July 7, 2010 at 8:08am —
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ForexPros Daily Analysis July 7, 2010
Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part II
Expert: Rajoo C, Precise Trader
When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of:
1. Identifying entry, exit & stop loss level
2. How to choose… Continue
Added by forexpros on July 7, 2010 at 6:16am —
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GBP/ USD: Technical AnalysisThe pair was traded broader than predicted yesterday. The price checked up the support at 1.5080 and following that recovered upturn. It currently resides at 1.5200/1.5190. The indicators’ values further prefer the advance, while the weakness in upgrading, which was caused by retracement, is recovering. This proves high probability of both the ascendant trend’s renovation and checkup of the new local maximums.…
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Added by Forex4you on July 6, 2010 at 7:18am —
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ForexPros Daily Analysis July 6, 2010
Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part II
Expert: Rajoo C, Precise Trader
When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of:
1. Identifying entry, exit & stop loss level
2. How to choose… Continue
Added by forexpros on July 6, 2010 at 6:31am —
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ForexPros Daily Analysis July 5, 2010
Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part II
Expert: Rajoo C, Precise Trader
When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of:
1. Identifying entry, exit & stop loss level
2. How to choose… Continue
Added by forexpros on July 5, 2010 at 7:41am —
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GBP/USD: Technical AnalysisThe apprehensions of the upturn’s recovery were well-grounded, because the formerly predicted scenario was accomplished – the price bounced out of the support at 1.4870 and also out of the trend line of the upgrading channel (the blue lines); it achieved the new local maximum at 1.5200/10 as well. The trading is currently carried at 1.5170/60. The indicators’ values still prefer the advance and that in its turn means…
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Added by Forex4you on July 2, 2010 at 7:38am —
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GBP/USD: Technical AnalysisThe supports at 1.5020-1.4990 were breached, so the “Bears” managed to check up the next formerly mentioned targets at 1.4920/00. Moreover, they also attempted to breach further downward, though the price has already been stopped at 1.4870/75. Now it’s rolling back upward and currently resides at 1.4890/1.4900. The support at 1.4870 coincides to the trend line of the upgrading channel (the blue lines). This means a…
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Added by Forex4you on July 1, 2010 at 7:54am —
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ForexPros Daily Analysis June 30, 2010
Free webinar on ForexPros - Simple Chart Pattern Trading
Expert: Kellie Durazo, Fx V-room
When: Today, June 30, 2010, 10:00 a.m. EST
Remember learning patterns in elementary school and how easy they were to figure out? We can use this same technique to interpret different types of… Continue
Added by forexpros on June 30, 2010 at 8:00am —
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EUR/USD: Technical AnalysisThe former forecasts came true. The price tumbled down to 1.2150/60/40, which was mentioned yesterday, but thereupon the bounce out of the support at 1.2155 upturned to 1.2220/10, where exactly it currently resides. The indicators don’t give a handle for presuming the reversal upward still yet as they prefer downgrading. Though, if the resistance at 1.2250 is overwhelmed it will be necessary to refrain from selling and…
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Added by Forex4you on June 30, 2010 at 7:30am —
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ForexPros Daily Analysis June 29, 2010
Free webinar on ForexPros - Simple Chart Pattern Trading
Expert: Kellie Durazo, Fx V-room
When: Wed, June 30, 2010, 10:00 a.m. EST
Remember learning patterns in elementary school and how easy they were to figure out? We can use this same technique to interpret different types of… Continue
Added by forexpros on June 29, 2010 at 6:21am —
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ForexPros Daily Analysis June 28, 2010
Free webinar on ForexPros - Simple Chart Pattern Trading
Expert: Kellie Durazo, Fx V-room
When: Wed, June 30, 2010, 10:00 a.m. EST
Remember learning patterns in elementary school and how easy they were to figure out? We can use this same technique to interpret different types of… Continue
Added by forexpros on June 28, 2010 at 6:42am —
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ForexPros Daily Analysis June 22, 2010
Free webinar on ForexPros - Simple Chart Pattern Trading
Expert: Kellie Durazo, Fx V-room
When: Wed, June 30, 2010, 10:00 a.m. EST
Remember learning patterns in elementary school and how easy they were to figure out? We can use this same technique to interpret different types of… Continue
Added by forexpros on June 22, 2010 at 6:54am —
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Release Date: March 16, 2010
For immediate release
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen…
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Added by Adam Horak on April 6, 2010 at 2:19pm —
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Price actions has been mixed today throughout the US session as the FED started its surprise FOMC meeting today at 1530 GMT time. The USD is likely to face increased volatility throughout the first part of the trading week as the FED may look to adjust the discount arte by 25 bps to 0.75% following February’s adjustment. According to the FOMC “these changes are intended as further…
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Added by Adam Horak on April 5, 2010 at 2:09pm —
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Added by Adam Horak on March 16, 2010 at 2:23pm —
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Added by Jiselle Doyle on March 16, 2010 at 2:00pm —
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The Japanese economy threaten by the continues deflation risks with a continuing decline in prices which increases the pressure on the BOJ to combat the decline in the inflationary rates which affect negatively on the economic recovery for the second largest global economy.
The Japanese economic has announced today the consumer price index during January which fall by %1.3 compared with the pervious decrease by %1.7 and the expectations was leading to a decrease with %1.4, while the…
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Added by Adam Horak on February 26, 2010 at 12:12am —
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The European Central Bank has confirmed that ECB's President, Jean-Claude Trichet will leave a series of meetings and events in Sydney hosted by the Australian Central Bank earlier than planned in order to attend an informal meeting of European Union leaders in Brussels on Thursday. This month the EUR continues to fall as debt concerns surface in Greece. Last week, the EUR fell to an eight-month low below $1.37 versus the USD as worries rose over the possibility of a default by Greece as…
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Added by Forex Daily Digest on February 9, 2010 at 10:37am —
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Concern over a potential economic default in southern Europe relaxed a little today, which allowed the EUR to gain some lost ground against the USD. Economists have warned that monetary concerns will likely continue to affect the EUR but there are expectations that a European Union rescue effort is building. Economists believe that the EUR’s slight gain today is simply a rally following a lack of any fresh weekend news on the credit front. Uncertainty over the financial situation of Greece,…
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Added by Forex Daily Digest on February 8, 2010 at 10:56am —
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The USD traded higher against the EUR after European Central Bank President Jean-Claude Trichet said the economic outlook is subject to “uncertainty.” The EUR fell most against the JPY after Trichet said some governments in the region have “sharply rising” deficits and should have a “strong focus” on reforms. The pound fell against the dollar after the Bank of England kept its option open to extend its bond-purchase program.
ECB President Trichet reiterated his message that a strong…
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Added by Forex Daily Digest on February 4, 2010 at 9:30am —
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